Shoppers tearing their hair out in the search for Christmas presents online amid strike-hit parcel deliveries have been urged to try a low-tech solution: their local high street (The Guardian).
Hot water bottles are selling out around the UK amid the cold snap and efforts to save on soaring energy bills (The Guardian). John Lewis said sales were up sixfold on last year with several popular models currently out of stock online including the department store’s own-label version with a fake fur protective cover.
The economy grew by 0.5% in October after shrinking the previous month when an extra bank holiday for the Queen’s funeral suppressed growth, but economists believe the rise is unlikely to stop the country going into recession by the end the year (The Times £).
Britain’s economy returned to growth in October as activity bounced back from the impact of the additional bank holiday for the Queen’s funeral. However, a long recession is still expected (The Guardian).
Wage rises are close to a record high but double-digit inflation continues to eat into the value of earnings, official figures show (The Times £).
The former finance boss of SAB Miller, Domenic De Lorenzo, has been appointed the next chair of Fever-Tree (Daily Mail).
The Tempus shares column in The Times (£) takes a closer look at Upper Crust owner SSP Group and concludes the stock is a ‘buy’, saying its strategy to look across the Atlantic for better growth is the right one.
Young people are driving a boom for luxury goods because record numbers of them still live with their parents, according to Morgan Stanley (Telegraph).
Amazon has delayed the start dates for some university graduates who had been set to the join the company in May, blaming the “macroeconomic environment” and telling students they would now not be able to begin until the end of 2023 (Financial Times £).
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